5 Oldest Large & Midcap Mutual Funds in India with Strong Long-Term Track Records
Indian investors often look for mutual funds with a proven track record of stability and growth. Among the many options available, five of the oldest large and midcap mutual funds stand out for their incredible performance over the past 30+ years. These funds have consistently delivered high returns, making them ideal for long-term investors seeking to minimize risk and maximize returns. Here's a brief overview of each fund, including their performance, AUM, and key details.
Key Takeaways:
- UTI Large & Mid Cap Fund, launched on 16 February 1993, has given an average annual return of 13.90% over 32 years, with a 20-year return of 14.19%.
- SBI Large & Midcap Fund, launched on 28 February 1993, has given an average annual return of 15.08% over the same period, with a 20-year return of 17.48%.
- Tata Large and Mid Cap Fund, launched on 31 March 1993, has given an average annual return of 13.12% since its inception, with a 20-year return of 15.27%.
- HDFC Large & Mid Cap Fund, launched on 18 February 1994, has given an average annual return of 13.01% over its 31-year history, with a 20-year return of 13.49%.
- Aditya Birla Sun Life Large & Mid Cap Fund, launched on 24 February 1995, has given an impressive average annual return of 16.74% over its 30-year history, with a 20-year return of 13.78%.
Statistics:
- Average annual returns over 30+ years:
+ UTI Large & Mid Cap Fund: 13.90%
+ SBI Large & Midcap Fund: 15.08%
+ Tata Large and Mid Cap Fund: 13.12%
+ HDFC Large & Mid Cap Fund: 13.01%
+ Aditya Birla Sun Life Large & Mid Cap Fund: 16.74%
- 20-year returns:
+ SBI Large & Midcap Fund: 17.48%
+ Aditya Birla Sun Life Large & Mid Cap Fund: 16.74%
- Asset Under Management (AUM) as of 31 May 2025:
+ UTI Large & Mid Cap Fund: Rs 4,544 crore
+ SBI Large & Midcap Fund: Rs 31,296 crore
+ Tata Large and Mid Cap Fund: Rs 8,546 crore
+ HDFC Large & Mid Cap Fund: Rs 25,412 crore
+ Aditya Birla Sun Life Large & Mid Cap Fund: Rs 5,737 crore
- Expense ratio as of 30 June 2025:
+ UTI Large & Mid Cap Fund: 1.93%
+ SBI Large & Midcap Fund: 1.58%
+ Tata Large and Mid Cap Fund: 1.74%
+ HDFC Large & Mid Cap Fund: 1.64%
+ Aditya Birla Sun Life Large & Mid Cap Fund: 1.89%
Sources:
- UTI Large & Mid Cap Fund
- SBI Large & Midcap Fund
- Tata Large and Mid Cap Fund
- HDFC Large & Mid Cap Fund
- Aditya Birla Sun Life Large & Mid Cap Fund
- NIFTY LargeMidcap 250 TRI as a benchmark for all funds mentioned
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